With over 45,500 listed companies and a plethora of non-listed companies, and thousands of new companies emerging and dying every year, it isn’t hard to see why the business world is not meant for everyone.
But, if you belong to the lot that is daring enough to venture into this realm to make their mark, then you’ve stumbled upon the right article for some pointers.
Here are the 5 tips from successful entrepreneurs for the first year of your startup:
1. Planning is the key
For the success of every startup, it is necessary to have a goal in mind, but that isn’t the most important part. Knowing what you have to do in order to achieve that goal is actually what really matters.
Before you can send your million dollar idea out into the world, it’s always best to stop, think and come up with a strategy that can help you achieve the desired result. All the big businesses have multiple teams who strategize and come up with business plans.
As one of the most successful investors of all time, Warren Buffett once said, “Someone’s sitting in the shade today because someone planted a tree long ago.”
2. Advertise your product or business
No one will be interested in purchasing your product if you don’t tell them what it actually is/does. The key ingredient for success of a startup is visibility, and in the modern day and age, there is no better platform to promote your business than social media. Sure, traditional methods of advertising are good, but in the words of Internet pioneer William Schrader:
“Almost overnight, the Internet’s gone from a technical wonder to a business must.”
The internet is used by billions of people across the world. In light of this, digital marketing services are a reliable way to get you and your product on the track to becoming a household name.
3. Keep your customers happy
Happy customers equal a successful company. Therefore, the first priority of a business, whether it’s a startup in its infancy or a technological iceberg like Microsoft or Apple, should be customer satisfaction.
World’s famous management consultant, and the author of over 30 books, Peter Drucker said, “The purpose of a business is to create and keep a customer.”
Efficient business sales are the difference between a good company and a great company. But the difference between a successful business and a failed one is of good customer relationship management (CRM).
Hence, the main aim of a startup should be to build a solid consumer base and to maintain it without fail. As the great Sir Henry Ford so eloquently put it, “A business absolutely devoted to customer service excellence will have only one worry about profits. They will be embarrassingly large.”
4. No risk is the biggest risk
Avoiding calculated risks is one factor that leads to the failure of so many companies. And this is why many companies get left behind in this ever advancing world – they play it too safe.
Throughout the course of your business career, there will be many risky steps or choices that you will have to take. These are the kind of choices that can make or break a company. So, always weigh your options and make the smart decision, and if it fails then be it. Make peace with it and move on. Always look to the future and never become stagnant.
“The biggest risk is not taking any risk… in a world that is changing really quickly; the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
5. Having fortitude and strength is essential
If being an entrepreneur is what you want to do, then do it and don’t look back. Many will tell you that it is going to be impossible, many will doubt you, and many will try to put you down; but pay no heed to the naysayers and keep working towards your goals. If you face failures and get knocked down, remember to always rise up and work smarter.
Late Steve Jobs, the founder of the tech behemoth Apple.inc, said, “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”
Coming from the personal experience of a revolutionary man like Jobs, there is no denying this fact. Being ousted from his own company in 1985, he persevered and worked on his own and surely in 1997 he was brought back when Apple’s profits were at a record low; and by 1998 it made over $45 million in profit.
Therefore, act on these tips for the success of your business because they have been tried and tested by some of the greatest entrepreneurs around the world. Employing these tips will allow you to put down your roots and solidify your presence in the business world.
What tip are you going to focus on today? Leave your thoughts below!
Image courtesy of Twenty20.com
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Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up.
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Control Your Environment
Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.
You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.
Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.
Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language.
Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.
Writing Is The Answer
If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!
Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly.
Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.
Learn In a Group
It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.
The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.
Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently.
This will help you feel more confident in your skills and, consequently, speak and write better.
The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process.
A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few.
Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!
Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson.
Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!
Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!
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